Lincoln Gold Mining Inc. (TSXV:LMG) announced that the Bureau of Land Management (BLM) Plan of Operations for the Bell Mountain Gold-Silver Project in Churchill County, Nevada, has been formally transferred to its wholly owned subsidiary, Lincoln Resource Group Corp. This move consolidates operational control and permitting interests following the company’s acquisition of the project in January 2025.
With the mineral claims and Water Pollution Control Permit already transferred, the completion of the BLM Plan of Operations transfer means the core mineral tenure and principal operational permits for Bell Mountain are now under the company’s subsidiary structure. This consolidation is a critical step for advancing the project, which is supported by a prior NI 43-101 Preliminary Economic Assessment outlining a conceptual heap leach development scenario.
Ian Rogers, Chairman and CEO, stated: “Completion of the BLM Plan of Operations transfer represents another important milestone in the consolidation of Bell Mountain within Lincoln’s operating structure. With the principal permits and mineral tenure now consolidated, Lincoln is positioned to continue advancing technical evaluation, engineering, and development planning activities at Bell Mountain.”
The company is actively engaging with potential financing partners to fund the next phase of development. Subject to securing financing and customary approvals, Lincoln intends to continue advancing engineering and development planning. The Bell Mountain project was acquired from Eros Resources Corp. in a transaction that included common shares and a net profits interest royalty.
Lincoln Gold Mining is a Canadian precious metals exploration and development company headquartered in Vancouver, British Columbia. Its portfolio includes the Bell Mountain Gold-Silver Project and the Pine Grove Gold Project, both located in Nevada’s Walker Lane mineral belt. Bell Mountain is an advanced-stage project with permitting in place, while Pine Grove is at the permitting and development evaluation stage. Together, they represent a complementary development portfolio with Bell Mountain as the nearer-term focus and Pine Grove offering longer-term scale potential.
The company is focused on advancing its portfolio through staged development, technical de-risking, and capital formation, aiming to progress toward mid-tier gold producer status. For more information, visit the company’s website at www.lincolnmining.com.
This news release contains forward-looking statements regarding the company’s plans for Bell Mountain, potential financing, and future development. These statements are based on assumptions management believes reasonable but are subject to risks including financing availability, market conditions, and permitting risks. There is no assurance that financing will be obtained or that the project will be developed as anticipated. The company undertakes no obligation to update forward-looking statements except as required by law.
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